Next of Kin does not automatically inherit bank accounts – BoG

The Bank of Ghana (BoG) has urged the public to carefully choose their next of kin, ensuring that the person is of legal age and capable of providing necessary information about the account holder.

The BoG clarified that naming someone as next of kin does not automatically grant them access to the account upon the account holder's death.

Legal procedures, including presenting a death certificate and obtaining letters of administration or probate, are required to access a deceased person's account.

The BoG emphasized the importance of selecting a responsible and informed next of kin.

Read full article